The TJX Companies, Inc. $TJX Shares Bought by Osprey Private Wealth LLC

Osprey Private Wealth LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,565 shares of the apparel and home fashions retailer’s stock after acquiring an additional 5,187 shares during the quarter. TJX Companies accounts for 3.1% of Osprey Private Wealth LLC’s portfolio, making the stock its 9th largest holding. Osprey Private Wealth LLC’s holdings in TJX Companies were worth $10,630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in TJX Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer’s stock worth $15,780,919,000 after buying an additional 771,882 shares during the period. Geode Capital Management LLC boosted its holdings in shares of TJX Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock worth $4,134,174,000 after buying an additional 673,690 shares during the period. Bank of America Corp DE increased its position in shares of TJX Companies by 2.0% in the fourth quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock worth $3,935,630,000 after acquiring an additional 495,989 shares in the last quarter. Capital International Investors raised its holdings in shares of TJX Companies by 2.0% during the fourth quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock valued at $2,455,911,000 after acquiring an additional 308,408 shares during the period. Finally, Norges Bank acquired a new stake in shares of TJX Companies during the fourth quarter valued at approximately $2,211,975,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on TJX. Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Barclays restated an “overweight” rating and issued a $190.00 target price (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Evercore reiterated an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a report on Thursday, May 21st. Telsey Advisory Group increased their price objective on TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, Robert W. Baird raised their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $176.89.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 10,002 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the transaction, the chief executive officer owned 514,848 shares of the company’s stock, valued at approximately $82,725,776.64. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the sale, the chairman owned 201,496 shares of the company’s stock, valued at $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 130,367 shares of company stock valued at $20,959,476 in the last quarter. Corporate insiders own 0.15% of the company’s stock.

TJX Companies Stock Up 0.3%

Shares of NYSE:TJX traded up $0.40 during trading on Friday, reaching $151.30. 4,168,337 shares of the company traded hands, compared to its average volume of 5,629,683. The firm has a fifty day simple moving average of $156.82 and a 200 day simple moving average of $156.68. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $170.00. The firm has a market cap of $167.14 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 3.27 and a beta of 0.63.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same period in the prior year, the business posted $0.92 earnings per share. TJX Companies’s revenue for the quarter was up 9.2% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Analysts anticipate that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. TJX Companies’s dividend payout ratio (DPR) is 37.28%.

TJX Companies Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.